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Benefits Think News You Can Use: Latest ECI numbers released

The Dept. of Labor recently released the latest Employment Cost Index data, a periodic breakdown of salary and benefit costs to employers. From June to September, benefits costs rose 0.7%. In private industry, benefit costsincreased 2.4 percent, less than the increase for state and local government, which…

Benefits Think News You Can Use: Bikers need benefits, too

Leaving no stone unturned in the nation's effort to reduce the burden of gas prices and the downward economy, a little-known provision in the Emergency Economic Stabilization Act (aka, the $700 billion bailout law) allows employers to provide $20 a month in commuter benefits for employees that bike to…

Benefits Think Tip of the Day

Get a handle on diabetes costs. Two new studies on diabetes reveal the number of Americans with the disease spent $12.5 billion last year on drugs to manage it, and that although newer, more costly medications are driving the spending surge metformin (an inexpensive, reliable generic) may be more effective…

Benefits Think News You Can Use: Final regs on distributions to nonspouses

The Employee Benefits Security Administration recently released final regulations that amend existing distribution requirements for defined contribution plans to allow rollovers into inherited IRAs for missing nonspouse beneficiaries. Effective Nov. 6, the rules clarify certain provisions of the Pension…

Benefits Think People need to read the candidates positions more …

People need to read the candidates positions more carefully. I believe anymore that we are all lazy and don't take the time to really understand the actual plans. McCain will tax benefits. On the otherhand he will give a tax credit for the purchase of healthcare. The problem is that the credit is not…

Benefits Think Tip of the Day

It might be time to amend your dependent eligibility requirements. A new law signed by Pres. Bush this month amends the federal definition of a "qualifying child" for tax purposes, and also is largely used for employers' health and dependent care plans.

Benefits Think We should not be worried about John McCain’s recom…

We should not be worried about John McCain's recommendation to tax benefits. With Congress being predominiately democrats, they are going to have their own agenda for healthcare reform. What I am worried about is the Obama platform of health care for all. While we certainly need to revamp the healthcare…

Benefits Think Tip of the Day

Prepare now to meet the requirements of "Michelle's Law." Signed on Oct. 9 by Pres. Bush, the act requires health plans to allow college students who take a leave of absence or reduce their class load because of illness to remain dependents under their parents´ health plan. Ill students may keep their…

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